Targa Resources Corp. (TRGP) stock
TRGPNYSENatural Gas TransmissionFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 10/3029% above fair value
$296.30+4.52 (+1.55%)
Close on Nov 12, 2026Market cap $63.54BP/E 26.2Yield 1.27%
Targa Resources profit margin
Profit margin (net margin) is net income as a percentage of revenue.
Targa Resources's profit margin for the twelve months ending Sep 30, 2026 was 13.5%. For fiscal 2025 it was 11.3%, against 8.0% the year before. The highest annual figure on record is 11.3% in fiscal 2025.
Annual profit margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 11.3% | +3.3 |
| FY2024 | Dec 31, 2024 | 8.0% | −0.4 |
| FY2023 | Dec 31, 2023 | 8.4% | +2.7 |
| FY2022 | Dec 31, 2022 | 5.7% | +5.3 |
| FY2021 | Dec 31, 2021 | 0.4% | +19.2 |
| FY2020 | Dec 31, 2020 | -18.8% | −16.4 |
| FY2019 | Dec 31, 2019 | -2.4% | −2.4 |
| FY2018 | Dec 31, 2018 | 0.0% | −0.6 |
| FY2017 | Dec 31, 2017 | 0.6% | +4.0 |
| FY2016 | Dec 31, 2016 | -3.4% | – |
Quarterly profit margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 11.8% | +0.2 |
| Q2 FY2026 | Jun 30, 2026 | 17.2% | +2.5 |
| Q1 FY2026 | Mar 31, 2026 | 11.7% | +5.8 |
| Q4 FY2025 | Dec 31, 2025 | 13.4% | +5.5 |
| Q3 FY2025 | Sep 30, 2025 | 11.5% | +1.5 |
| Q2 FY2025 | Jun 30, 2025 | 14.8% | +6.4 |
| Q1 FY2025 | Mar 31, 2025 | 5.9% | −0.1 |
| Q4 FY2024 | Dec 31, 2024 | 8.0% | +0.9 |
| Q3 FY2024 | Sep 30, 2024 | 10.1% | +4.4 |
| Q2 FY2024 | Jun 30, 2024 | 8.4% | −1.3 |
| Q1 FY2024 | Mar 31, 2024 | 6.0% | −5.0 |
| Q4 FY2023 | Dec 31, 2023 | 7.1% | +0.1 |
| Q3 FY2023 | Sep 30, 2023 | 5.6% | +2.0 |
| Q2 FY2023 | Jun 30, 2023 | 9.7% | −0.2 |
| Q1 FY2023 | Mar 31, 2023 | 11.0% | +9.2 |
| Q4 FY2022 | Dec 31, 2022 | 7.0% | +12.7 |
| Q3 FY2022 | Sep 30, 2022 | 3.6% | −0.5 |
| Q2 FY2022 | Jun 30, 2022 | 9.8% | +8.2 |
| Q1 FY2022 | Mar 31, 2022 | 1.8% | −2.3 |
| Q4 FY2021 | Dec 31, 2021 | -5.8% | −7.1 |
| Q3 FY2021 | Sep 30, 2021 | 4.1% | +0.8 |
| Q2 FY2021 | Jun 30, 2021 | 1.6% | −3.7 |
| Q1 FY2021 | Mar 31, 2021 | 4.0% | +88.8 |
| Q4 FY2020 | Dec 31, 2020 | 1.3% | +5.9 |
| Q3 FY2020 | Sep 30, 2020 | 3.3% | +5.8 |
| Q2 FY2020 | Jun 30, 2020 | 5.3% | +5.8 |
| Q1 FY2020 | Mar 31, 2020 | -84.8% | −83.1 |
| Q4 FY2019 | Dec 31, 2019 | -4.6% | −0.5 |
| Q3 FY2019 | Sep 30, 2019 | -2.5% | −1.7 |
| Q2 FY2019 | Jun 30, 2019 | -0.5% | −5.0 |
| Q1 FY2019 | Mar 31, 2019 | -1.7% | −2.6 |
| Q4 FY2018 | Dec 31, 2018 | -4.1% | −14.6 |
| Q3 FY2018 | Sep 30, 2018 | -0.8% | +7.1 |
| Q2 FY2018 | Jun 30, 2018 | 4.5% | +1.4 |
| Q1 FY2018 | Mar 31, 2018 | 0.9% | +6.6 |
| Q4 FY2017 | Dec 31, 2017 | 10.5% | – |
| Q3 FY2017 | Sep 30, 2017 | -7.9% | – |
| Q2 FY2017 | Jun 30, 2017 | 3.1% | – |
| Q1 FY2017 | Mar 31, 2017 | -5.6% | – |
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